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<h2 class="hd hd-2 unit-title">Monte Carlo Primer</h2>
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<h3 class="hd hd-2">Monte Carlo Primer </h3>
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<h2 class="hd hd-2 unit-title">Monte Carlo Simulation Example</h2>
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<h3 class="hd hd-2">Monte Carlo Simulation Example</h3>
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<p>An Excel file for this Monte Carlo simulation can be downloaded <a href="/assets/courseware/v1/308f2ffdd98821239f656e079fde2701/asset-v1:MITx+15.480x+3T2021+type@asset+block/MonteCarlo.xlsx" target="[object Object]">here</a>.</p>
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<h2 class="hd hd-2 unit-title">How Many Simulations Do We Need?</h2>
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<h3 class="hd hd-2">How Many Simulations Do We Need?</h3>
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<h2 class="hd hd-2 unit-title">Exercise: How Many Simulations Do We Need?</h2>
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Exercise: How Many Simulations Do We Need?
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<div class="wrapper-problem-response" tabindex="-1" aria-label="Question 1" role="group"><p>In the previous video, if you want to increase the level of precision on our estimator by a factor of 2 (i.e., reduce the standard error by a factor of 2), you would need to:</p>
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<button type="button" class="show problem-action-btn btn-default btn-small" aria-describedby="8104d8a712874b8faf8ec77d20b0d8e4-problem-title"><span class="icon fa fa-info-circle" aria-hidden="true"></span><span class="show-label">Show Answer</span></button>
</span>
</div>
</div>
<div class="notification warning notification-gentle-alert
is-hidden"
tabindex="-1">
<span class="icon fa fa-exclamation-circle" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="8104d8a712874b8faf8ec77d20b0d8e4-problem-title">
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
<div class="notification warning notification-save
is-hidden"
tabindex="-1">
<span class="icon fa fa-save" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="8104d8a712874b8faf8ec77d20b0d8e4-problem-title">None
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
<div class="notification general notification-show-answer
is-hidden"
tabindex="-1">
<span class="icon fa fa-info-circle" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="8104d8a712874b8faf8ec77d20b0d8e4-problem-title">Answers are displayed within the problem
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
</div>
"
data-graded="False">
<p class="loading-spinner">
<i class="fa fa-spinner fa-pulse fa-2x fa-fw"></i>
<span class="sr">Loading…</span>
</p>
</div>
</div>
</div>
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